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20131202
20131210
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CNBC
Dec 3, 2013 7:00pm EST
wanting to talk about obama care every day until december 23rd. i have a suspicion you'll start seeing republicans trying to change the topic, change the subject because the president finally realizes that once americans see the product, once they go to the website which is quite beautiful if you go the site, they are going to realize that these options -- >> they fixed the front door of this site. the site is not able to give reliable information to the insurance companies that people who are desperate for coverage are signing up for. >> thousands of people are signing up every day. >> were they getting health insurance? i don't think so. until they pay that premium they are not going get their coverage until their identity is verified. we're about to hit the wall with millions of people who are desperate because they lost their coverage, they cannot get it through this website, they can't get it because this website doesn't work and they have admitted they have focused on front door not the back door. >> you both are terrific. the back door stuff, i think grace marie is right
CNBC
Dec 4, 2013 3:00pm EST
speed. ♪ >>> welcome back. president obama talking up the merits of a minimum wage hike in washington. john harwood joining us about what the president's been saying. why now? why the timing? >> president obama is trying to get out of the defensive crouch he's been with the struggles over the healthcare.gov website. now that the administration believes it has turned around that website, it's trying to go on offense and stalk about his economic agenda for narrowing income inequality. part of that is health care itself. part of that is investments and infrastructure and education. part of it, as the president said in the speech today at center for american progress, is a raise in the minimum wage. >> last month voters in new jersey decided to be the 20th state to raise theirs even hi high higher. that's why the d.c. council decided to do it, too. i agree with those voters. i'm going to keep pushing until we get a higher minimum wage for hard working americans across the entire country. >> note, president obama invoked new jersey, the state of governor chris christie, who may be a republ
CNBC
Dec 2, 2013 7:00pm EST
talk to your doctor before you begin an aspirin regimen. >>> >>> president obama's job approval now 16 points under water. the latest polling average showed just 40% approval, 56% disapproval. that and the unpopularity of obama care has given republicans the edge in a generic congressional ballot. the gop is holding a three-point lead. so republicans had trailed by nearly seven points this time last month. now it's all turned around. what's their strategy going to be to maintain momentum into next year's mid-term elections and can they reach out to the blue states? i think that's the key. here now is ace political reporter and cnbc contributor robert costa. can they reach out to the blue states, bob costa? >> reporter: it's going to be difficult, larry. republicans right now are trying to to have a narrow focus on obama care, to put pressure on blue state senate democrats like mark pryor and mary landrieu. there's new sites they're coming out trying to hammer that message to independent voters in blue states. >> if they do that -- let's go into the heart of it. michigan and california
CNBC
Dec 10, 2013 9:00am EST
obama administration has made. i'm very pleased. >> let's talk about what this means for women, and i'm looking at a profile from this past summer where they mentioned her time in hr at gm, and in the words of one consultant, she had a difficult time getting credibility, because she was in hr before, even though she is obviously an electrical engineer. are we done with that are we out of that phase for good now? >> boy, i sure hope so. the fact that she's a great people leader, what's wrong with that she knows finance, but particularly because she's an engineer and she knows cars, and that's what general motors has lacked for, like, 30 years, they haven't had anyone at the top, other than bob stimple, and we're getting the operators coming into the top job, like ursa labernes, and, of course, people like meg whitman, and indra newy, so there's a lot of female lion of executives, and i don't like the pejorative stuff as hr being a negative. i look add at as a positive. >> we have janet yellen taking over for the fed, hillary clinton in the mix for 2016. there's one glaring sector whe
CNBC
Dec 6, 2013 9:00am EST
dissipated a bit. now, the last topic i want to talk about, mr. matthews' recent interview with the president, one of the topics was the republicans always talking about big government and the problems with the obama care rollout. and if we can put it on the screen, here was his answer. and the challenge, i think, we have going forward is not so much my personal management style or particular issues around white house organization. it actually has to do with what i refer to earlier is, we have some of the big agencies, some of which are outdated, some of which are not designed properly. wow! that's the greatest news of the week. he's saying big government is like an old de soto at a time when we want to drive efficient sports cars. the only question i have is, isn't obama care just another one of those? back to you. >> all right, rick, thank you so much. rick santelli in chicago. >>> nobody puts baby in the corner without an -- without an ipad. [ laughter ] stay tuned for this, the latest in toddler technology in just a moment. hi honey, did you get the toaster cozy? yep. got all the cozies.
CNBC
Dec 9, 2013 7:00pm EST
important point to keep in mind. we're talking about a health care plan in terms of obama care, affordable care act, whatever you want to call it, that's going to provide health care coverage for tens of millions of americans that did not have it previously. you're talking about people who had pre-existing conditions that were not able to get health care coverage before let's not pretend like this notion of deductibles and co-pays and out-of-pocket expenses is somehow a new phenomenon. that had been the norm of our health care practice. >> i want to tell you this, it's not the notion of deductibles or the notion of premiums. it's not the notion of doctors and hospitals. it's the fact, it's the reality. it's the volume. it's the level. that's what's missing. and you know why it's missing? because whatever government does with their rationing and their controls, they do it wrong. we've learned this for thousands of years. and i can't give you a lecture tonight. chris kofinis, you take this emanuel guy, put him in moth balls, buddy. mike slater, great to see you. and dr. scott got
CNBC
Dec 4, 2013 1:00pm EST
phenomena and the question is, whether you're talking about new york city and de blasio or obama and the rest of the country. how much do you as a country or a nation want to offset these much bigger global forces and when do you kill the goose that lays the golden egg. that's the question. >> and you know, no country really does income quality terribly well that i know of. >> sweden, norway. >> some of those social democracies have had less of that. they don't have high-end wealth in the same way that we do here. anyh anyhow, it is an issue. >> it's a consequence of growth. >> inequality can lead to social unrest. >> all right. >> take one thing away sfli don't think we're going to solve it today but to the yahoo! poll and see what you think. here is our question of the day. the president speaking about income inequality. what is the solution? 19% of you say raise the minimum wage. 51% say more tax breaks for the middle class. 17% say raise taxes on the rich. >> surprising. >> and 13% say limit executive pay. sue? >> very interesting. all right. it's getting really cold out there. a col
CNBC
Dec 2, 2013 6:00am EST
sunday talk show commentary on the obama care rollout. >> this one has a ways to go. but it is certainly working reasonably well. >> the information coming out the back end to the insurance companies is still garbage. >> they're working around the whole problem. >> i don't care if you're for it or against it, republican or democrat, we should not tolerate the level of inkcompetence securing this site. >> there are better plans for many of these people. and i think that's what's gotten really lost. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air,
CNBC
Dec 6, 2013 6:00am EST
better policy starting right now that president obama should be talking about instead of what he's doing, which is hurting poor people such they can make more money no matter how much it costs. >> look, just to be clear. i like the question, but i don't agree with the premise. i do think a moderate increase would help. to answer the part of your question that i agree with, here's what i think he should do. the earned income tax is a very important pro work subsidy. this is a good way to help low-wage people. but for childless adults, adults who don't have kids, it's rea y really -- i would increase the childless adult part of the earned income credit so that single folks can make a decent wage, as well. >> so you -- will you acknowledge i didn't set you up, bernstein? >> not only acknowledge that, i'm ready to give you a hug. >> okay. >> i'm ready to do that to you too. >> all right. man hug. little man hug action. >> where are you? >> i'm in d.c. i'm not willing to come up to jersey to give you a hug. >> that could take a while. and you can use my -- some of that data. the consume
CNBC
Dec 9, 2013 6:00am EST
we're going to talk about high pland capital will be joining us to break it down what this means for stocks and treasuries. plus, senator ron johnson will join us in studio to talk budgets, minimum wage and obama care. >>> welcome back to "squawk box" this morning. taking a look at futures. see how things are setting themselves up for the day. we have green arrows, dow looks like it would open about three points higher. shares of gilead getting a boost this morning. >>> coming up, american airlines completing the merger with u.s. air after all of this. we have the very first interview with doug parker at 8:00 a.m. eastern time. but first, stocks, bonds and the taper. making his way to the set with his market wisdom right here on "squawk box" when we return. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five yea
CNBC
Dec 5, 2013 4:00am EST
what's driving this is what president obama called the defining challenge of our time in this economics talk yesterday. the fact is, the restaurant industry noted that the majority of the jobs our economy is creating are in these low payment fields like restaurant and retail. these aren't team jobs if they ever were. now tens of millions of adult americans spend their time cycling through these careers, these jobs. at $9 an hour, they're not sustainable. so what the fast food workers are calling for is a raise in pay and sit down with the industry for negotiationing a plan to transition to a higher wage, a higher productivity business model. >> how does the industry afford it? at the end of the day, higher wages is going to mean -- i mean, it's going to feed through and we're going to get higher cost of food, aren't we? >> so the road map for how to do this is what's happened with other similar industries in the u.s. in the big cities, they've been given more money through a similar model. there is a huge amount of revenue in the restaurant industry, but it's being skimmed off
CNBC
Dec 10, 2013 2:00pm EST
. >> we went there. and we got a bakken beau ya. >> they couldn't stop talking about you. >> you did your fabulous oil when you went to eagle. this is the heart of america. this is where the jobs are. sometimes i get frustrated with the obama administration on the labor day when they get the number, we get that friday, i say why can't you help people get there and they always say we like all forms of energy, solar. total -- never responsive to what i ask but i'm a polite fella. >> the minimum wage discussion where to raise it. >> $2 $27 at the mcdonald's. >> signing bonuses, $27 an hour. they said they would -- all the male employees are willing to shave -- i don't know if they polled them. some had fine locks and grow the goatee. >> i like that concept. the concept. >> that's a terrific idea. and i do want to go to eagleford if they would shave their heads there because we've been to williston. this is america at its best. where the opportunity is. we have seen people my executive producer recently talked about a letter we got about someone who watched our williston program, moved t
CNBC
Dec 3, 2013 9:00am EST
, carl. many people agonize or contemplate not only how obama care will eventually be phased in or whether it will be phased in at all, but what i'm interested in as a market guy is we're talking about 1/6 of the economy. whether you're for it or against it or you believe it's going to work or not going to work, in the end it's 1/6 of the economy, we're the world's leading business channel and it's in our wheelhouse. but one thing that seems to be going on today in it can that is not getting a lot of air time that i find rather fascinating is that the house judiciary committee is holding hearings and they're holding hearings on something rather, i don't know, maybe call it esoteric, maybe call it extreme but let's get to the crux of the matter and i'll get there through an analogy. let's say when we saw at the end of last year that the payroll walked out in january and said basically, listen, i'm going to take a swath of those people whose taxes are going to go up on the payroll tax and i'm going to delay that for a year, would that fly? i don't know that it would fly. we have a co
CNBC
Dec 5, 2013 7:00pm EST
with you a moment ago, i talked to four former aides to president obama. the white house isn't confirming this but all four of them said they expect that president obama will, in fact, attend that ceremony along with other world leaders. we saw president obama come into the briefing room as in the clip that you played tonight where he referred to nelson mandela as an inspiration, an example for him from the earliest phase of his political stirrings as a student at occidental college where he attended an anti-apartheid protest there. of course, nelson mandela is someone who was the first african-american or excuse me, the first african leader, black african leader of south africa which had been governed by a white government, president obama followed in that footstep as the first african-american president of the united states, and he said that he would spend the rest of his life trying to live up to and follow nelson mandela's example. what was so notable about nelson mandela was that he actually achieved in practice the promise that president obama had held out in 2004 at that
CNBC
Dec 3, 2013 2:00pm EST
questions, herb. herb greenberg. >>> take a look at this live picture here, president obama talking health care at the white house. let's get to jonn harwood. >> the president is beginning a campaign to try to move past the difficulties of the website market the positive virtues of obama care. some of the things that have taken effect, such as letting people, kids stay on their parents policies until they're 26 years old. the refusal to let insurance companies bar people from insurance with preexisting conditions. but the president is also going to try to continue to push enrollment in obama care in these exchanges that are being run by the federal government in 36 states. they've got a goal of getting million people by the end of the enrollment period at the end of march. they have to have the right kind of people, that is so say, younger, healthier people to balance the less healthy people who are more expensive to insure. the president has a lot of challenges on health care even if that website gets fixed. we're not going to know how fixed it is until we see the enrollment figures are n
CNBC
Dec 4, 2013 7:00pm EST
emergency unemployment benefits. the president said when budget talks get going obama care will not be on the table because, he said, his plan is ending one of america's worst inequities, unequal access to health care. larry. >> thanks very much, steve handelsman. we appreciate it. i'm going to say it again with all due respect to mr. president, growing income inequality is not the greatest challenge of our time. we need strong economic growth. that's the biggest challenge. i need a rising tide to lift all boats and help all-americans without these class warfare divisions. so let's talk. joining us now is former chief economist for vice president biden, jared bernstein. he's at the center of budget and policies. jim pazakukas is with the american institute and cnbc. jimmy p., what about income inequality. there's a lot of studies out there and they show in the last 20 or 30 years that hasn't happened. that's not true. it's a bogus issue. >> i don't want to have study versus counter study. income inequality, the top 90% and 10% have increased. a lot of disputes about how high inequality ha
CNBC
Dec 5, 2013 6:00am EST
republicans. and it's an election year in 2014, republicans want to talk about obama care, they want to talk about other issues. they think they can beat up on obama and the democrats and don't want to get bogged down by shutdowns and debt limit fights. there's no reason to think stocks are too high because washington's going to kill everything. >> and maybe it was set so low because it was on the floor. >> you can't go much lower than they are. they can clear the bar for expectations which is no shut down. and maybe get the approval ratings in the 10% range, double digits at some point. >> one of the things we've been watching is what the fed's going to do next. how much do you think the fed has been responsible for this. and if the tapering begins, is that really something that takes the steam out of the market? not if it's just based on valuations like you've been talking. >> i have not been of the view that fed-driven liquidity is the sole support under the market. we touched on it a few minutes ago, there are many traditional fundamental supports, not least being simple gdp grow
CNBC
Dec 3, 2013 3:00pm EST
the push to get american to sign up for obama care. but is he jumping the gun with his website still not 100%? what about all those complaints over sky high premiums? up next we'll talk to former ubs chairman robert wolf who has been one of president obama's closest allies on wall street. >> apple shares on a roll after a strong started to the holiday shopping season. we'll hear from somebody who says investors should buy this stock now before it really takes off. >> and there's been a lot of buzz online and on social networks about that minimum wage discussion we had yesterday with the mcdonald's worker. take a lynn. >> have you asked for a raise before? >> i have and i was pretty much told it's going to come eventually. just wait. >> coming up former council of economic advisers says be careful what you wish for. raising the minimum wage will only end up hurting the very people it's intended to help. he's join us on the "closing bell." stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare.
CNBC
Dec 10, 2013 4:00am EST
president obama. there are six heads of state scheduled to speak today. president obama is first among them. we're told he'll talk for about 15 minutes about the impact of mandela in the world. let's talk about that crowd you mentioned. 100,000 people. the capacity of this stadium is just under 85,000. so certainly it appears to be packed overcapacity, despite the fact that it's been raining here all day. people were told to be five hours early. some we heard from were seven hours early waiting in the rain at 3:00 in the morning just to make sure they were able to get in. ross. >> thanks for that, b tracie. if you've just joined us, u.s. futures are indicating we're going to get a tick higher again this morning, following a modest climb higher on monday. the dow is currently implied higher about 21, the s&p up almost 3 points and the nasdaq up 7. european equity ves moved modestly high after the modest moves yesterday. the xetra dax, cac 40 up 0.2% and similar amounts for the italian markets, as well. and on the bond markets, interesting move is in ten-year treasury yields which have g
CNBC
Dec 6, 2013 7:00pm EST
tapering, like changing the unemployment threshold they have been talking about. larry, back to you. >>> all right, many thanks to bob pisani. now, it looks like more and more like obama care is failing so badly that a bailout is already in the works for the nation's biggest health insurance companies. and that's because of what many are calling the perfect storm. not enough young people enrolling, too many older and sicker people signing up, also there are too many errors in the reporting back end of the health care.gov website. and today, they admitted to the appallingly big error rate. and 65% oppose a rescue for the health insurance industry. you know what, folks. one big bank bailout five yearers ago more than enough, thanks very much. here is independent senior policy analyst hadley heath and with us democratic strategist tracy sefl, lenwood brooks, policy director for public notice and cnbc contributor james pethokoukis of the american enterprise institute. good evening. heather, let me -- let me begin with you. what is up with this? what are they calling it? a corridor. they
CNBC
Dec 9, 2013 4:00am EST
, particularly since the fumble with obama care. the republicans may see an opening and may be a reason for them to try to get some things done. >> so, i mean, you talk about the farm bill. do they have a long way away on how much they want to trim from that? democrats want to trim 4 billion, represent can't want to trim 40 billion. this is from the food stamps department. yes, they're talking, which is a good thing. there's still a lot of distance. >> well, there's distance on the food stamp program and that's always the case. democrats, remember, those are more -- those are perceived to be more democratic constituents so they will want to do less, particularly in a mid-term election. i think you can get there, come together middle of the road, split the baby. this farm bill is important to republicans. that shows that the republicans are showing a lot more flexibility. they need a win more than the democrats need a win in this mid-term election particularly because they see that they may have the president and the democrats on their heel with obama care. if they can get a farm
Search Results 0 to 20 of about 21